Cheviot Value Management, LLC
SEC Form 13F institutional filer · CIK 0001427147
13F-HR · 187 reported holdings · 2026-03-31
Reported long-US-equity value
$0.53B
Top-10 concentration
65.8%
Cheviot Value Management, LLC — $535M AUM allocation strategy
Cheviot Value Management, LLC files SEC Form 13F and reports $535M of long US equity value across 187 reported holdings for 2026-03-31.
Its largest sector bet is Financials 25.8%, followed by Communication Services 16.5% and Health Care 15.5%.
The top 10 holdings account for 66% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Cheviot Value Management, LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$535M
total across 187 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
66% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$IVV +71.9K sh · +$1.88M+$PFE +54.8K sh · +$2.77M+$CMCSA +32K sh · +$1.09M
Biggest trims (shares)
−$NEM −15.8K sh · −$7.37M−$GOOG −14.8K sh · −$13M−$IVZ −7.09K sh · −$229K
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Multi-Sector Holdings21.3%—
- Pharmaceuticals14.4%—
- Interactive Media & Services13.3%—
- Integrated Oil & Gas7.2%—
- Gold4.6%—
- Transaction & Payment Processing Services4.4%—
- Oil & Gas Exploration & Production4.2%—
- Systems Software4.0%—
- Other holdings26.7%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $BRK.B | Berkshire Hathaway Inc.-Class B | 238K | $114M | +3.28K | 21.3% |
| $GOOG | Alphabet Inc. Class C Capital Stock | 166K | $47.8M | -14.8K | 8.9% |
| $JNJ | Johnson & Johnson | 159K | $39M | -6.38K | 7.3% |
| $NEM | Newmont Corporation | 223K | $24.1M | -15.8K | 4.5% |
| $V | Visa Inc | 78.2K | $23.6M | +4.7K | 4.4% |
| $META | Meta Platforms Inc | 40.5K | $23.2M | -2 | 4.3% |
| $MSFT | Microsoft Corporation | 57.7K | $21.4M | +608 | 4.0% |
| $XOM | ExxonMobil Holdings Corporation | 126K | $21.3M | -1.09K | 4.0% |
| $MRK | Merck & Company Inc | 171K | $20.6M | +1.73K | 3.9% |
| $CVX | Chevron Corporation | 82.9K | $17.2M | -291 | 3.2% |
…and 177 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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